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API comment on Obama’s industry taxes

Hydrocarbon Engineering,


API President and CEO Jack Gerard responded to the president’s call for a vote to raise taxes on the oil and natural gas industry:

‘It is factually wrong for the president to say that the industry receives subsidies. A subsidy is a direct payment of money to a person or business by American taxpayers. The president has it backwards, our industry pays the government nearly 90 million dollars a day, the biggest contributor of government revenue than any other industry in the US.’

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/02032012/api-comment-on-obamas-industry-taxes/


 

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